Artificial intelligence allows capabilities that are normally associated with humans to be undertaken in software at low cost, efficiently and at scale. Companies that successfully adopt AI in their core processes and business models are destined to prosper. See quotes below::
VentureBeat: AI is quickly becoming a foundational technology, similar to electricity and the internet, and will benefit every industry; at the same time it is enabling innovations that are consistently disrupting old methods and practices across the board
Deloitte: 83% of early adopters are already gaining value from AI initiatives.
PwC: AI is projected to add $15.7 trillion (14%) annually to the global economy by 2030
Forrester: insight-driven businesses are growing at an average of 30% each year and are predicted to earn $1.8 trillion annually by 2021
McKinsey Global Institute: data-driven organizations are 23 times more likely to acquire customers, 6 times as likely to retain customers, and 19 times as likely to be profitable as a result
All online references were accessed on 25 November 2020